Buy Shyam Metalics And Engy L: Stratzy's Target Price Rs 845

Stratzy has issued a buy call on Shyam Metalics and Engy L, with a target price of Rs 845. The current market price of the stock is Rs 752, indicating a potential upside of over 12%. Stratzy believes that the company's strong financial performance, expansion plans, and positive industry outlook support its bullish view. Investors are advised to consider this buy call for a potential return on investment.

About Shyam Metalics And Engy L:

Shyam Metalics and Energy Limited (SMEL) is a leading manufacturer of steel products in India, listed on the National Stock Exchange (NSE). Established in 1995, SMEL operates a fully integrated steel plant in West Bengal with a capacity of 1.4 million tonnes per annum. The company produces a wide range of steel products, including bars, rods, wire rods, ferroalloys, and steel intermediates. SMEL's strong financial performance, focus on quality, and commitment to sustainability have made it a respected player in the steel industry. The company has a market capitalization of approximately INR 8,000 crores as of August 2023.

52 Week Price Trend:

Shyam Metalics And Engy L(NSE:SHYAMMETL) has witnessed a significant rise in its CMP (current market price) to Rs 752, marking a notable appreciation. The stock's impressive performance is evident in its 52-week high price of Rs 772.3, driven by strong fundamentals and market sentiment. However, it is important to note that the stock has also experienced volatility, with its 52-week low price reaching Rs 253.05. Investors should exercise caution and conduct thorough research before making any investment decisions, considering both the potential growth and risk factors associated with the stock.

Stratzy's MOST Analysis:

Based on Stratzy's MOST framework, SHYAMMETL has received a rating of BB-, indicating medium fundamental risks. This rating is determined by evaluating the company's Management, Outlook, Safety, and Trend. Each of these pillars is scored individually, and the overall score is a weighted average of these individual scores. A rating of BB- suggests that while the company shows some stability and potential, there may be areas of concern that require further assessment and monitoring.

Company's Fundamentals:

Shyam Metalics And Engy L (NSE:SHYAMMETL) is a company listed on the National Stock Exchange (NSE) of India. As of a specific date, the company's stock had a Price-to-Earnings (PE) ratio of 17.15, indicating that investors were willing to pay 17.15 times the company's earnings per share to own its stock. The Price-to-Book (PB) ratio of 2.05 implied that the current market price of the stock was 2.05 times the company's book value, which is the value of its assets minus its liabilities. Finally, the Dividend Yield of 0.27% represented the annual dividend payment as a percentage of the current stock price, indicating the income investors could potentially earn from holding the stock.

Fundamental and Technical information provided in this blog were last updated on 01 Aug, 2024

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